North America Artificial Intelligence (AI) Market

North America Artificial Intelligence (AI) Marketwas valued at 20.88 billion in 2016 and is expected to grow at a CAGR of 21.9% between the forecast period of 2016 and 2024. The North America Artificial Intelligence is segmented by offering (hardware, software, and services), technology (machine learning, natural language processing, context-aware computing, and computer vision), end-user industry (healthcare, manufacturing, automotive, agriculture, social media, financial services, others), and region (US, Canada).Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the current North America Artificial Intelligence (AI) Market outlook. The report encompasses the North America Artificial Intelligence Market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the North America Artificial Intelligence (AI) Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain the market positioning of competitors. Artificial intelligence (AI) is a special area of computer science that specifically emphasizes the creation of intelligent machines that work as well as react like humans. A few of the activities for which computers having artificial intelligence are designed for comprising of speech recognition, learning, planning, and problem-solving. Growing adoption of artificial intelligence or AI technology in consumer electronic devices, research as well as developmental activities in the healthcare sector, across unmanned aerial vehicles, and in the autonomous cars among others have propelled the growth of the North America Artificial Intelligence (AI) Market. Moreover, the venture capital investments in this sector, are going on in full swing, especially within the US. The country is majorly witnessing a growth of start-ups coming up every year that are backed by different angel investors and venture capitalists. While the artificial intelligence may help in creating more jobs, it has also been responsible for some individuals losing their work. One such example would be the Goldman Sachs expecting self-driving vehicles to result in 25,000 truckers losing their jobs every month, which was also reported by CNBC. Likewise, the large warehouses that may operate with only a few dozen people, resulting in around 1 million pickers and Packers losing their jobs in US warehouses. Modern warehouses of the future will not only accommodate human packers, but they will also be built for some of the highly capable robots that work 24/7, even without the requirement of lighting. Kiva Systems, purchased by Amazon for $775 million in 2012 in one such company that creates learning robots which efficiently find and transport items in Amazon's warehouses. Canada also does not seem far behind from the US with proposing an overall budget of $125 million for launching a Pan-Canadian Artificial Intelligence Strategy dealing with research and talent. The mentioned strategy will further help in promoting collaboration between main centers of Canadian expertise that are present in Montréal, Toronto-Waterloo, and Edmonton. All these strategies will work together in promoting Canada as a world-leading destination for companies seeking investment in artificial intelligence and innovation. A renowned leader in the field of artificial intelligence, the Canadian Institute for Advanced Research will also work and be responsible for administering the funding of the new strategy.

This Information is submitted by Market Research Company(Maximize Market Research.com PVT.LDT.)